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- UK retailer Arcadia is seeking protection from creditors as it scrambles to save 13,000 jobs and brands such as Topshop after clothing sales collapsed during the pandemic.
www.cnn.com/2020/11/30/investing/arcadia-topshop-administration/index.html
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Nov 30, 2020 · The fate of the group has triggered the start of a process which could see the 10,000 members of the Arcadia pension schemes transferred to the industry lifeboat fund.
- Jonathan Eley
Arcadia Group, the British retail company owned by Philip Green that includes the Topshop clothing chain, has gone into administration, a form of bankruptcy, the company said Monday.
Nov 30, 2020 · Arcadia Group, the British retail empire that has been run by the billionaire Philip Green for 18 years, was placed into a type of bankruptcy protection on Monday, a decision that effectively...
The break-up of Sears, which he took over in 1999, resulted in a profit of almost £300m, while the refinancing of Arcadia in 2005 resulted in a £1.2bn tax-free dividend to the Green family.
Sir Philip Green’s Arcadia Group, which includes household names Topshop, Burton and Dorothy Perkins, has collapsed, putting around 13,000 jobs at risk.
Nov 30, 2020 · LONDON — Topshop‘s troubled parent Arcadia Group, owner of eight retail brands, has filed for bankruptcy in the U.K., marking the end of an era for its colorful, and controversial, owner Sir ...
Dec 2, 2020 · Arcadia Group’s decline comes just as department store chain Debenhams begins it liquidation – with both administrations placing 25,000 jobs on the line in total.
